|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||21.78 - 22.11|
|52-week range||17.05 - 26.72|
|PE ratio (TTM)||45.25|
|Earnings date||20 Jun 2018 - 25 Jun 2018|
|Forward dividend & yield||0.48 (2.16%)|
|1y target est||26.10|
Improving macroeconomic and market conditions in the United States and Poland suggest strong long steel product demand, which bodes well for Commercial Metals (CMC).
Continued economic growth United States and Poland should translate into improved long product steel demand, which bodes well for Commercial Metals (CMC).
Indicators of macroeconomic and market conditions in both the United States and Poland suggest economic growth and robust long steel product demand, which bodes well for Commercial Metal (CMC).
Mid-caps stocks, like Commercial Metals Company (NYSE:CMC) with a market capitalization of US$2.72b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-capRead More...
On a per-share basis, the Irving, Texas-based company said it had profit of 34 cents. Earnings, adjusted for one-time gains and costs, were 41 cents per share. The results met Wall Street expectations. ...
If you are a shareholder in Comeco SA.’s (WSE:CMC), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolioRead More...
Steel and aluminum stocks rallied Thursday, after the Trump Administration said it will impose tariffs on steel and aluminum imports on Canada, Mexico and the European Union starting Friday. However, most ...
As noted in the previous part, US steel imports have risen sharply in the last two months despite President Trump imposing the Section 232 tariffs. Looking at product specific action, rebar imports more than doubled last month. Nucor (NUE) is investing in new rebar capacity. Earlier this year, Commercial Metals Company (CMC) acquired some of Gerdau’s (GGB) US rebar mills.
Zacks Industry Outlook Highlights: Nucor, Commercial Metals, ArcelorMittal and Steel Dynamics
The construction sector is the largest steel consumer in China. Although we don’t get many indicators of China’s construction activity in the first two months of the year, some of the indicators show moderation in China’s real estate sector. For instance, new home prices rose in 44 of 70 cities in February, compared to 52 cities in January, according to the National Bureau of Statistics of China.
The Irving, Texas-based company said it had net income of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 26 cents per share. The results met Wall Street expectations. The average ...
Seasonal demand pick-up coupled with high lead times have positively impacted flat-rolled steel prices. It’s also worth noting that U.S. Steel (X) and AK Steel (AKS) took some of their flat-rolled capacity offline in 2015 in response to falling spot steel prices. Rebar prices have underperformed HRC (hot rolled coil) recently.
On the 4Q17 earnings call, ArcelorMittal’s (MT) CEO, Lakshmi Mittal, outlined a new capital allocation strategy. According to Mittal, “Mostly, we will continue to prioritize deleveraging, we believe that a net debt level of $6 billion with an appropriate target to sustain investment-grade rating metrics and support positive free cash flow even in the low point on the cycle. A few years back, ArcelorMittal set itself a medium-term net debt target of $15 billion.